Generations Credit Union

Deposits held and insured by Community 1st Credit Union

Overview / Commentary
720 Capitol Way S
Olympia, WA 98501
Deposits held and insured by Community 1st Credit Union

Field of Membership Restrictions

Generations Credit Union is open to those who live or work in the state of Washington. Established members can open CDs over the phone, but those who are joining Generations CU need to visit a branch to open a CD.
See current membership details

Reviews (3)

Sleepy Little Community Credit Union

I joined and sucessfully opened two CDs with Generations this week. Unfortunately, they, like so many credit unions, require a hard credit pull, so unfreezing the credit bureau account slows things down a bit. This is not disclosed on their website.
Speaking of their website, some of the information there is "outdated." For example, the early withdrawal penalty for CDs with a term longer than 12 months is 180 days of dividends (still not bad when taking interest rate risk on a five year CD). So, if you have an issue important to you, call them for the answer, don't rely on information on the website.
Their online membership application process is fairly efficient. Of course, if you are in a rush to lock in the high CD rates (note they have tiered rates, with 2.12% apy at five years for amounts in excess of $50,000), like I was, it takes a couple of days to complete the process, including the previously mentioned branch visit.
Hint: not mentioned by customer service. Even though you have an appointment, you are expected to call them from the door to be admitted, so don't leave your cell phone at home.

Must Sign CD Paperwork In Person

After a few calls and as I was about to finalize an online CD at 2.12% for 60 mos I was told "oops"... You must come into one of our branches to physically sign the paperwork. No electronic signature nor signature by mail. Stoneage banking has returned. Oh well...went to Hughes FCU in AZ. Nice folks, helpful, easy.

Racist Predatory Bank

Posted by: |

Beware! Danger! Do not hold any Solar loans with this company! This company is a fraud! Generations Credit Union is the worst bank I have ever dealt with in my entire life. They add legal fees to your loan with no judgement from a judge. If you fight them back they threaten you! I went to pay off my balance in full and they refunded payment of over 15k to add more legal fees. Black people, please advise and listen! Generations Credit Union is nothing more than a predator! They are racist white predators out to take what you have worked hard to earn. Do not do business with these crooks. I literally paid off my loan and they refunded it because they are nasty , racist predators. They are literally trying to hold me hostage. I’m never changing this review! All of Washington DC is going to hear about this. The attorney they use is also a nasty racist crook and needs to be reported to the bar council. This matter is on going. Rebecca Rowe, a racist. Chase Roper, a racist.


Data as of Q1 2024

Data displayed below is for insuring bank: Community 1st Credit Union
Learn why bank health matters

Health Grade Components

NCUA #60079
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD5.19%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$209.7MM$221.8MM
LoansQ1 2024vs Q1 2023$145.3MM$166.8MM
DepositsQ1 2024vs Q1 2023$182MM$195.7MM
Equity CapitalQ1 2024vs Q1 2023$21.3MM$20.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$1.3MM$1.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.5MM$1MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not Generations Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Generations Credit Union Savings Account Rates

1.00%$0-Coverdell ESA
0.25%$0-Holiday Club
0.25%$0-IRA Savings Account
0.10%$0-Regular Savings
0.10%$0-Prime Time Savings
0.10%$5-Kid's Club Savings

Generations Credit Union Money Market Rates

0.70%$2.5k-Money Market Account

Generations Credit Union Checking Account Rates

0.05%$200-Capital Checking

Generations Credit Union CD Rates

3.70%*$50k*-18 Month CD
OTHER TIERS: 3.50% $500 - $50k
2.70%*$50k*-12 Month CD
OTHER TIERS: 2.50% $500 - $50k
2.70%*$50k*-24 Month CD
OTHER TIERS: 2.50% $500 - $50k
2.70%*$50k*-36 Month CD
OTHER TIERS: 2.50% $500 - $50k
2.70%*$50k*-48 Month CD
OTHER TIERS: 2.50% $500 - $50k
2.70%*$50k*-60 Month CD
OTHER TIERS: 2.50% $500 - $50k
2.70%*$50k*-12 Month Kids Club CD
OTHER TIERS: 2.50% $100 - $50k
1.20%*$50k*-180 Day CD
OTHER TIERS: 1.10% $500 - $50k

Generations Credit Union Locations
Corporate Office955 Ross Loop Suite 100Dupont, WA 98327
Branch Office19419 Highway 99Lynnwood, WA 98036
Branch Office720 Capitol Way SOlympia, WA 98501
Branch Office4702 S Pine StTacoma, WA 98409-6451
Branch Office10700 27th Ave SSeattle, WA 98168

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.